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Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
Lagos or Lagos City is the most populous city in Nigeria, with an estimated population of 21 million in 2015. Lagos is the most populous urban area in Africa. Lagos was the national capital of Nigeria until December 1991 following the government's decision to move their capital to Abuja in the centre of the country. Lagos is a major African financial centre and is the economic hub of Lagos State and Nigeria at large. The city has a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion in Africa. Lagos is also among the top ten of the world's fastest-growing cities and urban areas. The megacity has the fourth-highest GDP in Africa and houses one of the largest and busiest seaports on the continent. Due to the large urban population and port traffic volumes, Lagos is classified as a Medium-Port Megacity.
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Lagos State is a state in southwestern Nigeria. Of the 36 states, it is both the most populous and smallest in area. Bounded to the south by the Bight of Benin and to the west by the international border with Benin for ten km, Lagos State borders Ogun State to the north for about 283 km, making it the only Nigerian state to border only one other state. Named for the city of Lagos—the most populous city in Africa—the state was formed from the Western Region and the former Federal Capital Territory on 27 May 1967.
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Somolu is a local government area (LGA) in Lagos. It is located in Southwest Nigeria, North of Lagos city, and its administrative headquarters is located on Durosimi Street. Somolu Local Government is part of the Lagos East Senatorial Zone and a lawmaker represents the district at the Federal House of Representatives. Somolu is plagued by problems of poor sanitation, high rent, overall poverty, and youth criminal subculture. It is also known for its printing industry, which is the largest in Lagos and one of the most diverse in the world. Most notably, offset and digital print shops can be found both off and on Bajulaiye Road as well as Oguntolu and many more.
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Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is the umbrella organization of Nepalese Chambers of Commerce and Industry. It was established in 1965 with the aim of promoting business and industry while protecting the rights and interests of business and industrial communities FNCCI has been playing a key role in promoting business and industry in the country. It provides, inter alia, information, advisory, consultative, promotional and representative services to business and government and organises training / workshop / seminar on a regular basis. FNCCI is Federation of Nepalese Chambers of Commerce and Industry.
The Dalit Indian Chamber of Commerce and Industry (DICCI) is an Indian association that promotes business enterprises for Dalits. It was founded in 2005 by Milind Kamble. Some of the key members of DICCI are Kalpana Saroj, Chandra Bhan Prasad and Rajesh Saraiya.
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The Lagos Chamber of Commerce & Industry is a non-profit organization that promotes the interests of the business community in Lagos, Nigeria. It provides a platform for businesses to express their opinions and concerns regarding legislative or other measures affecting trade, industry, commerce, and agriculture. The organization also represents the views of the Lagos business community on the economy as a whole. Its main goal is to support the growth and success of businesses in Lagos by advocating for their interests and providing resources and support. It boasts over 1,500 members with the current Director General being Chinyere Almona.
Akwaaba African Travel Market (AFTM) is an international travel, tourism and hospitality event organized annually in Lagos, Nigeria aimed at businesses, investors, governments decision - makers and buyers in the industry, providing business opportunities, industry news and showcasing products in Africa and around the world. It serves as a platform to trade and network. Akwaaba African Travel Market is the first travel market in West Africa.
The Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) is an affiliate of the Organization of Islamic Cooperation (OIC) and represents the private sector of 57 member countries. It is headquartered in Karachi, Pakistan. ICCIA was founded in 1978 and its key objective is to promote the role of the private sector in economic activity.
References
- ↑ "Eko Akete… Business Finds Creative Industry In 10-Day Meet". The Guardian. Anote Ajeluorou. 12 July 2015. Retrieved 6 October 2015.
- ↑ "Eko Akete to Reposition Creative Industry". Lagos Chamber Blog. Retrieved 6 October 2015.
